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31. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 41

Teradyne, Inc. (NASDAQ:TER) designs, develops, manufactures, and sells automated test systems and robotics products globally. Cantor Fitzgerald recently upgraded Teradyne, Inc. (NASDAQ:TER) stock to Overweight from Neutral with an unchanged price target of $16, adding the company to the Top Picks list.

Cantor hailed Teradyne as one of the sneakier artificial intelligence plays in semis with excellent leverage to networking and high bandwidth memory and growing traction on the custom silicon side of the business. The investor note further detailed that Teradyne was also well levered to a broader industry recovery given its outsized share in auto and industrial test, strong positioning in the robotics market, and a solid exposure in the mobile market.

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